Internship vs Full Time Offer?

I start a full time ops job this coming week at a small asset manager. Pay isn't great (which I'm not really concerned with) but the work will be very boring after doing two front office internships.

I was contacted the otehr day about interviwing for an interesting opportunity - interning at a small and new (but being started by a reputable team) equity research firm. I told the firm that I graduated and was looking for FT. They then said that the way they are doing it at this firm is hiring interns and if the interns do well and the firm does well, the interns can potentially stay on as full time.

This leads me to two issues -

  1. If I go to this interview (in another city than FT job), I will have to take a day off early on in my FT job, which obviously will not look good.
  2. Lets say I don't get an offer to stay on for whatever reason - I may potentially be screwed come September.

I would never want to screw over a company I am starting with but I feel that in this market, one needs to take advantage of any opportunity.

Curious as to what everyone's thoughts are. To be honest I am interested in trading more than ER but my trading interviews did not work out obviously. There is potential room for movement at this firm as it is pretty small, but I don't want to do boring work. I did an ops internship before and hated it. This work seems like it will be similar, but I am happy to have a job.

Thanks in advance

Comments (8)

May 25, 2009

this internship will be paid. I am not sure how much but it is paid.

May 25, 2009

DEpends how much you think you will hate the ops job. If its going to be that bad, maybe you should take the risk?

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May 25, 2009
Jamie Dimon:

I start a full time ops job this coming week at a small asset manager. Pay isn't great (which I'm not really concerned with) but the work will be very boring after doing two front office internships.

I was contacted the otehr day about interviwing for an interesting opportunity - interning at a small and new (but being started by a reputable team) equity research firm. I told the firm that I graduated and was looking for FT. They then said that the way they are doing it at this firm is hiring interns and if the interns do well and the firm does well, the interns can potentially stay on as full time.

This leads me to two issues -

  1. If I go to this interview (in another city than FT job), I will have to take a day off early on in my FT job, which obviously will not look good.
  2. Lets say I don't get an offer to stay on for whatever reason - I may potentially be screwed come September.

I would never want to screw over a company I am starting with but I feel that in this market, one needs to take advantage of any opportunity.

Curious as to what everyone's thoughts are. To be honest I am interested in trading more than ER but my trading interviews did not work out obviously. There is potential room for movement at this firm as it is pretty small, but I don't want to do boring work. I did an ops internship before and hated it. This work seems like it will be similar, but I am happy to have a job.

Thanks in advance

I would stay in your present job and keep looking for other opportunities, especially those in trading where you interest lies.

May 25, 2009

I'd do internship and work 25 hours a day to get FT offer.

May 25, 2009

jamie - what about your current role at JPM? I know pay isn't what it used to be after TARP, but keep the fight up, you're so close.

May 25, 2009

Jamie,

A bird in the hand ... but it doesn't hurt to check it out. It might be the right opportunity. You never know who you are going to meet.

May 25, 2009

try the internship! Work hard and get the FT offer, if that's what you feel like doing.

May 26, 2009
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